What is Bitcoin?
Currencies like Bitcoin, Ethereum, Ripple and Litecoin are generated by encryption techniques and held electronically, usually in wallets, which have keys.
They are “mined” by people solving maths problems with computers.
You can buy Bitcoins from a Bitcoin exchange, directly from another person, or from a BTM.
You do not need to buy a whole Bitcoin. Bitcoin is not controlled by any company or individual.
It is an online payment system and transactions between wallets are not linked to your bank account or to where you live as it is an international currency. ■